Many companies have messy financial data without their founders even knowing about it. Founders often discover financial issues too late when investors dig in during fundraising, board meetings, or exits.
Having accurate and insightful monthly data also helps with short-term decisions. A fractional CFO will perform a financial check for your business. This means having a tailored chart of accounts, allocating expenses correctly, having correct VAT codes, analysing revenue to ensure it is recognised correctly, etc.
A fractional CFO will tailor your chart of accounts to your industry (SaaS/Tech) and make sure your financial data is detailed enough so you can build the right KPI reporting.
A lot of software companies have a wrong monthly recurring revenue schedule because the revenue is not recognised correctly. This will affect your company's valuation and get you in troubles with investors. A fractional CFO will review your subscriptions, deferred income and make sure the revenue is recognised and allocated correctly. There are always things to improve. This process will also save you money because startups always pay for some subscriptions they don't use, tools that provide the same values, etc. A fractional CFO will scrutinise your spending if needed.
If you need help with restructuring your financials or you think that your financial data is not accurate book a discovery call and let's discuss.
Chart of Accounts Cleanup
Most SaaS startups inherit a generic chart of accounts from their bookkeeper that was never designed for a technology business. We restructure it to separate hosting costs from COGS, isolate R&D spend, and properly categorise sales and marketing expenses. The result is a P&L that investors and acquirers can read immediately — no reclassification needed during due diligence.
Revenue Recognition for SaaS
Recognising revenue correctly is critical for SaaS businesses, especially when you have annual contracts, usage-based pricing, or multi-element arrangements. We review your revenue recognition policies against IFRS 15 / ASC 606 standards, fix any issues, and set up processes so deferred revenue and accrued revenue are handled correctly every month — not just at year-end.
Financial Health Check
Before any major milestone — fundraise, board meeting, or exit — we run a comprehensive financial health check. This covers data accuracy, reconciliation status, outstanding accruals, intercompany balances, and tax compliance. We flag issues early so they are fixed quietly, not discovered at the worst possible moment by an investor or auditor.
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